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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: lorne who wrote (55964)	11/23/2008 10:45:55 AM
From: lorne	4 Recommendations Respond to of 224729

I figure if it is proven to you enough times you may eventually understand...then again maybe not. Fire Him Now ! The Evidence (click on the date to see more detail) firethemnow.org September 10, 2003 - A meeting of House Committee on Financial Services. During this meeting both the Secretary of Treasury and the Secretary of HUD talk about a plan to reform the regulation on the GSEs. The plan was created and supported by both Secretaries, the administration and, from the testimony, most of the members of the committee. Rep. Frank made some extremely bad assumptions which put our entire economy in jeopardy. For him to say "Federal Government doesn't bail them out" and "I do not think we are facing any kind of a crisis" is just unbelievable when the Wall Street Journal is publishing reports about it, the IMF is stating concerns about it, and two Secretaries are testifying about the need for oversight. I wonder what he thinks now? (see below) September 2004 - A meeting of House Committee on Financial Services. In September of 2004 the Financial services committee held several hearings about the GSE. These meetings were about the soundness of the GSEs as well as some accounting problems that were uncovered. During these meetings Rep. Frank again stated that there are "no safety and soundness issues". The meetings also talked about a report from the regulator over the GSE which pointed out accounting issues and soundness concerns his office had. For his trouble, the regulator was berated by Rep. Franks and several others. Still wrong! How many and for how long do people have to tell him we have a problem before he believes it? OCTOBER 23, 2007 - As most people see danger on the horizon for the GSEs and the housing market, Rep. Frank pushes for the GSEs to do more. For years now people have been warning us about the safety and security of the GSE. When is it time to do something about it, Rep. Frank? Apparently never. September 25, 2008 - By this time many politicians are pointing fingers every which way they can but former President Bill Clinton states Democrat's blame "may rest more in resisting any efforts by Republicans in the Congress or by me when I was President." But in every interview that I could find with Rep. Frank after the bailout, I could not find any statement where he took any kind of personal responsibility, instead he insisted that it was all the Republican's fault. As the saying goes, "Those who do not learn from their mistakes are destined to repeat them" What others are saying about Rep. Frank: The Wall Street Journal called him "Fannie Mae's Patron Saint" Us News and World Report's article titled "Barney Frank's Fannie and Freddie Muddle" Let me ask you a few questions: Is this the man you want leading us through the financial crisis? Do you trust him to do the right thing for all Americans? Do you think he can put his social agenda aside and make sound decisions about our economy?